Van ECK Associates Corp Boosts Stock Position in Dynex Capital, Inc. (NYSE:DX)

Van ECK Associates Corp increased its stake in Dynex Capital, Inc. (NYSE:DX) by 25.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 261,384 shares of the real estate investment trust’s stock after purchasing an additional 53,339 shares during the quarter. Van ECK Associates Corp’s holdings in Dynex Capital were worth $4,877,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its stake in Dynex Capital by 7.4% in the 1st quarter. Stifel Financial Corp now owns 11,350 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 782 shares during the period. Laurion Capital Management LP bought a new position in shares of Dynex Capital in the first quarter valued at approximately $508,000. GSA Capital Partners LLP purchased a new position in Dynex Capital during the first quarter valued at approximately $418,000. Jupiter Asset Management Ltd. bought a new stake in Dynex Capital during the 1st quarter worth approximately $2,309,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Dynex Capital by 107.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,040 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 6,756 shares in the last quarter. Institutional investors own 46.72% of the company’s stock.

DX opened at $17.50 on Friday. The firm has a market capitalization of $605.36 million, a P/E ratio of 2.92 and a beta of 1.24. Dynex Capital, Inc. has a one year low of $14.52 and a one year high of $20.51. The company has a fifty day moving average price of $17.64 and a 200-day moving average price of $18.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.48.

Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Dynex Capital had a return on equity of 12.44% and a net margin of 242.43%. On average, analysts expect that Dynex Capital, Inc. will post 1.9 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 22nd will be paid a $0.13 dividend. The ex-dividend date is Tuesday, September 21st. This represents a $1.56 dividend on an annualized basis and a yield of 8.91%. Dynex Capital’s dividend payout ratio is presently 80.41%.

Dynex Capital Company Profile

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.

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Institutional Ownership by Quarter for Dynex Capital (NYSE:DX)

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